Tuesday, January 13, 2009

Receipts Down, Outlays Up = Soaring Deficit

CNN Money reports:

The federal budget deficit expanded by $83.6 billion in December, the Treasury Department reported Tuesday, bringing the total deficit for the first three months of the 2009 fiscal year to $485.2 billion. By comparison, the budget deficit for all of fiscal year 2008 was $455 billion. In fiscal 2007, it was $161 billion.

Over the last 12 months, the deficit is an astounding $816 Billion, which will seem small all too soon.

Source: Treasury


  1. This graph would be a clearer if the RHS was centered on the axis.

  2. Better yet, show outlays and receipts as % of GDP and take it back to 1945